Investing.com – Trump Media & Technology Group announced on Friday that it is in discussions regarding a potential spin-off of its Truth Social platform.
Under the proposed deal, Trump Media & Technology Group will distribute shares of the spun-off company to shareholders registered before the completion of the merger between the company and TAE Technologies. Texas Ventures Acquisition III is also involved in the discussions.
After the spin-off, TAE Technologies’ business will be retained within the company along with some of Trump Media & Technology Group’s existing businesses and assets.
The two companies did not provide further details on the timing or structure of the potential deal.
This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.
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Trump Media is negotiating to spin off the Truth Social platform.
Investing.com – Trump Media & Technology Group announced on Friday that it is in discussions regarding a potential spin-off of its Truth Social platform.
Under the proposed deal, Trump Media & Technology Group will distribute shares of the spun-off company to shareholders registered before the completion of the merger between the company and TAE Technologies. Texas Ventures Acquisition III is also involved in the discussions.
After the spin-off, TAE Technologies’ business will be retained within the company along with some of Trump Media & Technology Group’s existing businesses and assets.
The two companies did not provide further details on the timing or structure of the potential deal.
This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.